德邦证券：以“差异化培育”现代产业体系，资本市场赋能新质生产力加速崛起

Core Viewpoint - The report from the Fourth Plenary Session emphasizes the need for reforms to create conditions for accelerating the development of new productive forces, focusing on differentiated nurturing strategies across various industries [1] Industry Development Strategy - A three-tier industrial system is proposed, which includes upgrading traditional industries, strengthening emerging industries, and laying out future industries [1] - Key areas of focus include technology empowerment, advanced manufacturing, green low-carbon industries, security-related industries, digital economy, and modern service industries [1] Capital Market Role - The capital market is expected to evolve into a comprehensive support platform, transitioning from "financing support" to "resource allocation + risk mitigation + wealth management" [1] - The capital market will further facilitate high-level technological self-reliance and the nurturing of future industries, attracting global capital to invest in China's new productive force-related assets [1]